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General Economic Data

The document contains key statistical data about the Czech Republic. Following a brief definition of each subject, links to the Czech Statistical Office provide data of the Czech economy, the labour market, environment and agriculture, people and society, and an international comparison.

Economy

The aim of national accounts is to describe economic processes in the form of balanced accounts or tables and to give information on the results of the national economy (possibly regions). It concerns an accounting framework for a systematic and detailed description of the total economic activity of the country or region, its individual components or indicators and its relationship with other economic units.

GDP (gross domestic product) is the basic economic indicator used for measuring the performance of the whole economy. As clear form the title, the indicator of a product is the indicator of a newly created value and serves as a measurement and comparison of the level of economic development of a given country.

Macroeconomic forecasts published quarterly by the Czech Ministry of Finance. They contain forecasts for the next year and an outlook for some indicators even for 2 years. They are published in the second half of the first month of each quarter.

External trade covers activities of all enterprises that are importing and exporting trading goods. The source of information on external trade is data obtained from custom authorities. Collection and initial checks are ensured by the Directorate General of Customs; subsequent processing, checks and publishing of resulting data is carried out by the CZSO. Since the accession of the Czech Republic to the European Union results are obtained by combining the two systems (INTRASTAT and EXTRASTAT). Via Intrastat reports data are obtained directly from the companies (consignees and consignors) in relation to VAT data and data about trade with EU states A source of data for trade with other countries is customs declarations (single administrative documents).Useful information can also be found in the External Trade Database.

Customs Administration site also offers information about trade (export and import) starting from guides, official information on tariffs, databases and information about the transitional period after accession to the EU.

The Ministry of Industry and Trade of the CR in co-operation with the Czech Statistical Office issued a Publication of Foreign Trade of the Czech Republic 2016 containing aggregate data on foreign trade of the Czech Republic for the period of January - October 2016 in a commodity structure according to the SITC nomenclature and in territorial structures by continents.

Data on economic results of management with the help of overall indicators - production of management results, book value added, selected items of revenue and expenses, items of assets and liabilities for financial and non-financial enterprises and households.

Inflation is generally defined as the growth of average price level, i.e. it characterizes the extent of money depreciation in exactly defined time period. Inflation rate is measured by the increment of consumer price index.Trends in consumer prices (cost of living) are measured on consumer baskets based on a sample of goods and services paid for by population. Price representatives include such products and services, which account for an important share in population''s expenditure and cover the entire sphere of consumption.

Industry includes a set of enterprises turning out industrial products of a similar economic purpose, which are manufactured from the same or similar kinds of raw materials and other materials or through the same technological processes. It covers all industrial activities of the whole enterprise. Where an enterprise manufactures products falling in to several branches (industries), its classification is governed by the nature of the major part of its output.

Labour Market

The source of data is the Labour Force Sample Survey (LFSS) conducted in households and data obtained from businesses and other administrative sources. Unemployment is one of the most observed economic indicators. The unemployment rate, based on the LFSS and surveyed by the CZSO, is mainly used for international comparisons and is observed in both countries of the EU and candidate countries. Data released in the media are usually from the Ministry of Labour and Social Affairs, which are based on the Labour Office statistics.

Labour force (persons who are aged 15 or more and satisfy conditions for classification as employed and unemployed) affects the economic development of the country. The economic development depends, among other things, on the number of adults able to work (employed or unemployed). However, the number of persons itself is not sufficient - their qualification or productivity is also important. Other economic terms (such as wage, employment, unemployment, etc) are also connected with this. Average monthly nominal wage covers all earned incomes (basic wages and salaries, payments additional to wage or salary, direct remuneration and bonuses, payments for days not worked, remuneration for being on call to work, and other wage or salary components) all charged to be paid to employees in a given period and represents the ratio of wages per employee per month. They are gross wages i.e., before premiums for general health insurance and social security, income tax advances of natural persons, and other statutory deductions or deductions agreed with the employee.

Standard of living is a complex of all material, cultural, social and moral use values, which are available in a given time and place to the population for the satisfaction of their life requirements. The measurement of the living standard is difficult since not all of the components are quantifiable. The living standard covers for example the accessibility of cultural facilities, clean transport of high quality, medical and social care system, educational system, air and water quality, etc. Nevertheless, more narrowly specified statistics of the living standard has to be concentrated first of all on the income and expenditure of the population, household facilities, on what people buy or what are people able to buy given their level of income. Data on these questions is obtained by the CZSO with the help of thorough statistics of household budgets. This important survey gives a detailed picture on budgets of Czech households, their incomes and expenditures and hence their standard of living. Other source of data is selective survey SILK (previously Microcenzus) and regular statistics of food consumption.

Environment, Agriculture

The environment comprises anything that creates natural conditions for the existence of organisms, including human beings and is a prerequisite for their further evolution. Its components are specially the air, water, rocks, soil, organisms, ecosystems, and energy.

People and society

The population science is called demography (previously also population science). The main objects of demographic surveys are population (demographic) phenomenons and processes i.e. phenomenons and processes connected with the state and reproduction of population both in the narrow and broad sense of the word. Reproduction in the narrow sense of word means natural renewal of the population through births and deaths; in the broad sense of the word it means total renewal of population in a certain area including population migration.

In 2007 the Czech Statistical Office begins to publish an English electronic version of the journal Czech Demography. The contents will include a selection of articles, reviews, and summaries from the quarterly journal Demografie, Review for Population Research.

Since 1 January 2000 based on a constitutional act the Czech Republic was divided into 14 administrative regions. Based on this act and the Resolution of the Government the CZSO by mutual consent with the Statistical Office of the European Communities (Eurostat) introduced "Classification of regional statistical units - CZ-NUTS" which replaced the existing Nomenclature of Regions and Districts. The classification NUTS (La Nomenclature des Unités Territoriales Statistiques) is the basic systematic tool for statistical, analytical needs and for the needs of provision of statistical information to the European Unino.

International Comparisons

Eurostat, the statistical office of the European Communities, makes its databases accessible for general public. The wide choice of offered funcionalities for all users of european statistics is free of charge. The users can utilize predefined tables, compile a table by their own wish, download electronic version of all Eurostat publication or use the refined search engine.

Eurostat in co-operation with national statistical institutions simultaneously set up a net of national centres called European Statistical Data Support – ESDS. The International Information Services Section of the Czech Statistical Office serves as the national contact centre in the Czech Republic prepared to support users in their finding and working with European statistical information.

Comparisions of the World Bank and the International Finance Corporation showing an overall "Ease of Doing Business" in comparision with other economies and rankings by topics. Summaries of key indicators and benchmark against regional and high-income economy averages.

Comprehensive Data

Actual analyses and commentaries on various sectors of the Czech economy (for example development of average wages of employees, development of external trade price indices, development of the industry, construction etc).

A publication of the World Bank and the International Finance Corporation called Doing Business 2017: Equal Opportunity for All is next in a series of annual reports investigating regulations that enhance business activity and those that constrain it. Doing Business presents quantitative indicators on business regulations and the protection of property rights that can be compared across 190 economies, from Afghanistan to Zimbabwe, over time. The following regulations are measured: starting a business, dealing with construction permits, getting electricity, registering property, getting credit, protecting investors, paying taxes, trading across borders, enforcing contracts and closing a business (resolving insolvency).

Macroeconomic Forecast

Forecasts include, among others, tables and graphs related to the economic output, prices of goods and services, labour market, external relations, demography, world economy, international comparisons, etc. Macroeconomic forecasts are prepared quarterly by the Financial Policy Department of the Czech Ministry of Finance. They contain forecasts for one year and an outlook of some indicators even for 2 years. Usually, they are published in the second half of the first month of each quarter.